Why would you bother? As for the long term affects- depending on the model, they are there to help the ECU run the engine if they have sensors there. They may affect how rich the engine runs. Too lean may mean a blown engine. Too rich and the engine wears out prematurely. There are better ways of improving their efficiency. A broom handle comes to mind if you are that keen. I put a new high flow cat on my WRX and picked up 20kw ATW, and the car sounds better too! Depending on what state you are in, in Australia, there are potentially huge fines for not having a cat- up to $10,000 in NSW if you are very unlucky. Which is interesting because if you have a factory in Mulgrave NSW spewing out chemicals over at least 3 suburbs which are so obnoxious you feel sick, the EPA will have a chat and ask you to fix it some time in the next 18 months if you have the time and if it is not too much trouble- they sure as hell won't fine you.